Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURSLL
The long term trend has been UP since Jan 10th, 2019 at 9941.50
The intermediate term trend has been DOWN since Jan 12th, 2020 at 10763.41
The short term trend has been UP since Jan 16th, 2020 at 10791.29
Smart Scan Analysis for EURSLL
Based on a pre-defined weighted trend formula for chart analysis, EURSLL scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).